[Chart courtesy of MarketWatch.com] 1. Moving the Markets Well, volatility continued to shake markets today as the S&P 500 fell 0.84%, the Dow dropped 1.06% and the Nasdaq declined 0.29%. It could have been a lot worse, as the Dow was down at one point by some 400 points. However, there were six stocks in the Dow that posted notable …
Rally Attempt Fails Miserably; But No Major Drops As Markets Run Out Of Time
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks rallied early in the day, but the momentum faded by closing time as investors remained jittery about global economic growth, conflict abroad and now ebola at home. This could have ended up to be a negative day had time not run out. Ebola has had quite an impact on the human …
Downward Trend Accelerates; Domestic Sell Signal Generated
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Stocks resumed their recent trend of spiraling downward to begin this week. A late-day selloff on Wall Street smashed hopes for a rebound rally after last week’s plunge, which pushed major indexes closer to a 10% correction. All major indexes slipped as the chart above shows. As a side note, this marked …
Markets Take A Beating; Domestic TTI Stays Barely Positive
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Equities took quite a beating today upon renewed worries about global economic growth, corporate earnings and market valuations. The S&P 500 fell 2.08%, the Dow dropped 1.97% and the Nasdaq lost 2.03%. Ouch! Markets have been extremely volatile so far this month. We have seen five days in October where major indexes …
Markets Bounce Back On Fed Minutes
[Chart courtesy of MarketWatch.com] 1. Moving the Markets Markets exploded upwards this afternoon after the latest release of the Fed minutes. The Dow jumped back up 1.64% today, the S&P 500 gained 1.75% and the Nasdaq soared 1.91%. In its statement, the Fed said that it planned to end its market-friendly bond-buying program after this month; however, the Fed also …
Nothing Smells Good As Markets Nosedive; Domestic TTI Remains On the Bullish Side—For The Time Being
[Chart courtesy of MarketWatch.com] 1. Moving the Markets The markets took a nosedive and were covered in red today. All major indexes dropped more than 1.5%, as concern about the European economy and upcoming U.S. corporate earnings reports sent the Dow Jones industrials to its biggest loss in more than three months. The IMF added to bearish sentiment today as …